I would say buy but only if you can make it cash flow with the rents being 70-80% of current. Rents can and are going down. The price of grain has dropped why would you think the cash rents would not have to eventually reflect that drop??? Land is a good long term investment IF your not buying at life time highs. $3000 sounds low when compared to our Iowa land values but if the 10 year average in your area is only $2000 then it is high. So I recommend crunching some more numbers.
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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